CTS Co. (CTS) to Issue Quarterly Dividend of $0.04 on July 25th

CTS Co. (NYSE:CTS) announced a quarterly dividend on Monday, May 12th, RTT News reports. Investors of record on Friday, June 27th will be given a dividend of 0.04 per share by the electronics maker on Friday, July 25th. This represents a $0.16 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date of this dividend is Friday, June 27th.

CTS has a dividend payout ratio of 6.6% indicating that its dividend is sufficiently covered by earnings.

CTS Trading Up 2.1%

NYSE:CTS opened at $43.29 on Wednesday. The firm has a 50 day moving average of $40.00 and a 200 day moving average of $47.44. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of 22.78 and a beta of 0.76. CTS has a 52 week low of $34.02 and a 52 week high of $59.68. The company has a quick ratio of 1.95, a current ratio of 2.50 and a debt-to-equity ratio of 0.17.

CTS (NYSE:CTS) last issued its quarterly earnings data on Wednesday, April 30th. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.05). The company had revenue of $125.77 million during the quarter, compared to analysts’ expectations of $128.72 million. CTS had a net margin of 11.27% and a return on equity of 12.67%. As a group, sell-side analysts anticipate that CTS will post 2.28 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com upgraded CTS from a “hold” rating to a “buy” rating in a report on Monday, March 3rd.

CTS Company Profile

CTS Corporation manufactures and sells sensors, actuators, and connectivity components in North America, Europe, and Asia. The company provides encoders, rotary position sensors, slide potentiometers, industrial and commercial rotary potentiometers. It also provides non-contacting, and contacting pedals; and eBrake pedals.